Fonterra cuts farmgate milk price midpoint by 20 cents to $8.30/kgMS NewZealand NZDUSD Macroeconomics
“Since our last update in February, prices for our products on Global Dairy Trade have either declined or remained flat.
“There are two main drivers behind this. The first is demand from China for whole milk powder has not yet returned to expected levels.”, are increasing as they head into their Spring flush."The above news could be partly attributed to steep losses in the NZD/USD pair alongside risk aversion. The pair was last seen trading at 0.6217, down 0.60% on the day.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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